Michael Saylor's company Strategu is preparing to buy bitcoins at the bottom, which may be reached in August 2025. The last time the firm acquired BTC was on August 11, when the coin was worth $116,401. During the ongoing uptrend, which caused the cryptocurrency price to update its historical maximum at $124,517, the company did not invest in digital assets, obviously waiting for the start of a correction that occurred on August 14 and caused a 7.6% drop in the coin's value. Saylor did not say at what price Strategu plans to buy bitcoins. It is worth noting that the key support barrier is at $111,440, which coincides with the 50% Fibonacci level considering the pump of the BTC price from $98,302 to $124,517. Based on this, it can be assumed that Michael considers this level as a target for bears.
The head of Strategu did not make forecasts on changes in the price of cryptocurrency in the long term, but judging by his rhetoric, it is clear that he is confident in the imminent end of the descending trend and the resumption of a bullish rally.
I think that the lion's share of investments in cryptocurrencies goes to bitcoins. Over the last six months, the number of companies that have invested money in BTC has grown from 60 to 160, so I am completely and wholly focused on bitcoin, — summarized Saylor.#StrategyBTCPurchase #Write2Earn #Write2Earn! $BTC
